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Rio completes Rössing sale  

By: Esmarie Iannucci     16th July 2019 Diversified miner Rio Tinto has completed the sale of its interest in the Rössing uranium mine in Namibia to China National Uranium Corporation (CNUC). The two companies in November of last year struck an agreement under which Rio would divest of its 68.62% stake in the project in exchange for... 

Rio completes Rössing sale

Pure Gold bolsters financing with AngloGold raising 

By: Creamer Media Reporter      Updated 5 hours ago TSX-V-listed Pure Gold Mining has enlarged its capital raising to $45.5-million, following additional nonbrokered financing of about $13.04-million from South Africa-headquartered gold major AngloGold Ashanti and an institutional investor. The issue of 23.7-million units at $0.55 each to... 

Amplats’ interim earnings receive boost from higher prices 

By: Nadine James     Updated 5 hours ago A higher rand platinum group metals (PGMs) basket price and a R1-billion stock count adjustment gain have pushed PGMs producer Anglo American Platinum’s earnings and headline earnings for the six months ended June 30, higher. In a revised trading update published on Tuesday, the miner said its... 

UCT doctoral student’s research seeks to address issues around municipal zoning

By: Nadine James     Updated 4 hours ago University of Cape Town (UCT) PhD student, Louie van Schalkwyk, has spent the last three years investigating the zoning policy procedures of three municipalities –Umhlathuze, in KwaZulu-Natal; Sol Plaatje, in the Northern Cape; and the City of Cape Town, in the Western Cape –  to determine... 

UCT doctoral student’s research seeks to address issues around municipal zoning
Photo by Je’nine May/UCT
Dr Louie van Schalkwyk

Mahenge Liandu’s metallurgical testwork in line with expectations

By: Nadine James     Updated 3 hours ago Aim-listed investment group Armadale Capital on Tuesday confirmed that commercialisation plans for the Mahenge Liandu graphite project, in Tanzania, continued to advance, with initial metallurgical testwork in line with expectations. Armadale noted that ore was crushed up to 1 mm then put through... 

Rio warns of Oyu Tolgoi blow-out amid slow quarter

By: Esmarie Iannucci     16th July 2019 Mining giant Rio Tinto has warned of costs blow-outs and delays to its Oyu Tolgoi underground project, in Mongolia. The miner on Tuesday said that capital spend to bring the copper project into production is expected to range between $6.5-billion and $7.2-billion, an increase of between... 

Rio warns of Oyu Tolgoi blow-out amid slow quarter

Avocet seeks last-chance opportunities before considering voluntary liquidation

By: Marleny Arnoldi     Updated 3 minutes ago Embattled Avocet Mining has temporarily withdrawn a resolution that was to be put to shareholders at an upcoming general meeting for the proposed voluntary liquidation of the company. Avocet on Tuesday said it would discuss possible outcomes for the company, including being broken up in an... 

Multotec testing ensures optimal separation efficiencies

By: Marleny Arnoldi     Updated 5 minutes ago Mineral processing company Multotec has expanded its technology division’s research and development (R&D) capabilities with a range of specialised facilities. The equipment Multotec uses for testwork includes laboratory-scale, wet, high-intensity magnetic separators, cyclone rigs, filtration... 

Multotec testing ensures optimal separation efficiencies
Multotec uses a Malvern Mastersizer to analyse particle size distribution of a given sample

Kazakh tycoon sells Petropavlovsk stake to focus on battery minerals

By: Reuters     Updated 31 minutes ago Kazakh entrepreneur Kenes Rakishev said on Tuesday he had sold his stake in gold miner Petropavlovsk to Russian billionaire Roman Trotsenko and would invest the proceeds in a cobalt and nickel project he aims to list in Hong Kong. Rakishev bought his shares in late 2017 when he said... 

Endeavour Silver acquires exploration rights near Guanacevi

By: Creamer Media Reporter      Updated 1 hour 3 minutes ago NYSE- and TSX-listed Endeavour Silver has acquired exploration and exploitation rights to two properties adjacent to the Guanacevi mine in Durango state, Mexico. The 15-ha El Porvenir property sits adjacent to the operating Porvenir Norte mine and covers the updip extension of the Porvenir... 

Dundee to optimise Serbia project following PEA

By: Creamer Media Reporter      Updated 2 hours 51 minutes ago TSX-listed Dundee Precious Metals has announced the results of a preliminary economic assessment (PEA) for its Timok gold project, in Serbia, providing a foundation upon which the project will now be optimised. The PEA, prepared by CSA Global Consultants, is based on Timok producing 132 000 oz/y... 

CEZ gives European Metals funding, may partner on lithium project

By: Reuters     Updated 5 hours ago Czech utility CEZ will provide a two-million euro convertible loan to European Metals Holding (EMH), the companies said on Tuesday, giving CEZ a potential majority stake in the company developing a large lithium deposit in the country. The loan will mature on December 31, 2019 and carries a 7.5%... 

Australia to overtake Qatar on LNG field by 2020 - EnergyQuest

By: Esmarie Iannucci     Updated 5 hours ago Australia exported an estimated 75.1-million tonnes of liquefied natural gas (LNG) in 2018-19, generating revenues of A$50.5-billion, new research from EnergyQuest has shown. The export volumes were an increase of 21.2% on the 61.7-million exported in the 2018 financial year, with the LNG... 

Nevada Sunrise, Albemarle reach agreement on Clayton Valley water rights

By: Creamer Media Reporter      Updated 5 hours ago Vancouver-headquartered junior Nevada Sunrise Gold has negotiated a settlement agreement with NYSE-listed Albemarle over a water right permit in the Clayton Valley, Nevada, bringing an end to three years of litigation. Permit 44411’s good standing status has been restored and Nevada Sunrise will... 

Diatreme finds buyer for Galalar product

By: Esmarie Iannucci     Updated 6 hours ago Junior Diatreme Resources has inked a memorandum of understanding (MoU) with China’s Fengsha Group to potentially supply 500 000 t/y of photovoltaic grade silica sand from the Galalar silica project, in North Queensland. Diatreme CEO Neil McIntyre said on Tuesday that the MoU was a significant... 

First-half improvements for Oil Search

By: Esmarie Iannucci     Updated 6 hours ago ASX-listed Oil Search has reported a 38% increase in production during the first half of 2019, as operations in Papua New Guinea recovered following an earthquake in 2018. Total oil production in the six months to June reached 14.1-million barrels of oil equivalent, compared with the... 

Fracking gets a lifeline in WA

By: Esmarie Iannucci     Updated 6 hours ago The Australian Petroleum Production and Exploration Association (Appea) has welcomed the Western Australian government’s release of its implementation plan outlining its response to an Independent Scientific Panel Inquiry into hydraulic fracture stimulation. An independent Scientific Inquiry was... 

Atlantic shareholders approve St Barbara offer

By: Esmarie Iannucci     Updated 6 hours ago The shareholders of TSXV-listed takeover target Atlantic Gold Corporation have voted in favour of an acquisition by gold miner St Barbara The two companies in May this year struck a C$802-million takeover deal, under which St Barbara would acquire all of the outstanding shares in Atlantic for... 

Venezuela defies sanctions to sell $40m in gold reserves

By: Bloomberg     Updated 7 hours ago Venezuela sold about $40-million worth of gold last week, defying numerous US sanctions that threaten to cut off Nicolas Maduro’s autocratic regime, according to people with knowledge of the matter. The central bank sold nearly one ton of gold July 12, lowering Venezuela’s dollar reserves to a... 

BHP tenders for LNG-fuelled transport for its iron-ore

By: Esmarie Iannucci     16th July 2019 Major BHP has moved to reduce its CO2 emissions, releasing the world’s first bulk carrier tender for liquefied natural gas (LNG)-fueled transport for up to 27-million tonnes of its iron-ore. The miner said that introducing LNG-fuelled ships into BHP’s maritime supply chain will eliminate... 

Xtract appointed as contractor at Zambian copper processing project

By: Tasneem Bulbulia     15th July 2019 Xtract Resources has concluded a memorandum of agreement with KPZ International (KPZ) for Xtract to act as contractor for the Kalengwa processing project on the large-scale copper mining licence number 24401-HQ-LEL located in the central part of the Republic of Zambia. The historic Kalengwa... 

Tsodilo planning surface bulk sampling programme at BK16

By: Tasneem Bulbulia     15th July 2019 TSX-listed Tsodilo Resources has submitted a renewal application for prospecting licence 369/2014 to the Botswana Department of Mines (DoM) within the Ministry of Mineral Resources, Green Technology and Energy Security. The renewal application is for a two-year period and the area includes the... 

Fuel cell electric vehicles set to make strong entry – visiting experts  

By: Martin Creamer     15th July 2019 There is simply no doubt that fuel cell electric vehicles (FCEVs), which use platinum group metal catalysts, will make a very strong global entry in the next decade, global experts said on Monday. Speaking to Mining Weekly Online on the eve of Nedbank’s FCEV conference in Cape Town, Professor Dr... 

Fuel cell experts talk to Mining Weekly Online’s Martin Creamer. Video: Creamer Media’s Nicholas Boyd. Photograph: Creamer Media’s Dylan Slater.

Additional resources extend Shanta’s New Luika mine life to 2025

By: Tasneem Bulbulia     15th July 2019 The resource at Aim-listed Shanta Gold’s New Luika gold mine (NLGM), in Tanzania, has increased, extending the mine’s life to 2025. Drilling at Bauhinia Creek (BC) Central, conducted in April and May, resulted in the conversion of 126 787 oz of inferred resources, grading 3.15 g/t, into 83 543 oz... 

Kavango acquires new licence at Ditau in Botswana

By: Tasneem Bulbulia     15th July 2019 Aim-listed Kavango Resources has acquired a new prospecting licence (PL) adjacent to its current Ditau PL, in Botswana. The new PL covers an area of 916.4 km2 to the south-west of the current PL. 

Newfield progresses underground decline development at Tongo mine

By: Marleny Arnoldi     15th July 2019 Newfield Resources has progressed with blasting to access an underground mine decline at its Tongo diamond mine, in Sierra Leone. The company has excavated 42 600 cubic metres of material, with three blasts conducted so far and two blasts remaining, to bring the boxcut to the desired elevation... 

BHP and Luminex make Ecuador earn-in binding

By: Creamer Media Reporter      15th July 2019 Canadian junior Luminex Resources on Monday announced the signing of a formal earn-in and joint venture (JV) agreement with a wholly-owned subsidiary of BHP, which would earn into two mining concessions in Ecuador. Ultimately, the major will have the right to earn a 70% interest in a JV company... 

Karelian raises £100k from new investor

By: Creamer Media Reporter      15th July 2019 Finland-focused diamond exploration company Karelian Diamonds on Monday announced that it had conditionally raised £100 000 from a new investor, Martello Holdings. Martello subscribed for 2.5-million new ordinary shares at 4p each – a premium of about 31% to the closing mid-market price of 3.05p... 

Avesoro reduces funding shortfall with contractor appointment at Youga

By: Marleny Arnoldi     15th July 2019 TSX- and Aim-listed gold miner Avesoro Resources’ subsidiaries, Burkina Mining and Netiana Mining, have entered into an openpit mining contract with Orkun Group, for the Youga gold mine, in Burkina Faso. The appointment of the contractor will help to reduce the company’s expected capital... 

Teck and Liberty Gold sell Turkey project

By: Creamer Media Reporter      15th July 2019 Canadian companies Teck Resources and Liberty Gold have agreed to sell the Halilağa copper/gold porphyry deposit in north-western Turkey to Cengiz Holdings for $55-million in cash. The Turkish construction, mining and energy group will pay Teck and Liberty in three stages, over a two-year period. 

Metgasco fields offer from Melbana

By: Esmarie Iannucci     15th July 2019 ASX-listed Metgasco on Monday urged shareholders not to take any action around an unsolicited conditional takeover offer from fellow-listed Melbana Energy. Melbana has announced plans to make an all-script conditional takeover offer for Metgasco, under which it would offer four of its own... 

Cameco awarded $40m in Tepco dispute

By: Creamer Media Reporter      15th July 2019 A tribunal of international arbitrators has ordered Japan’s Tokyo Electric Power Company (Tepco) to pay Canadian miner Cameco $40.3-million in damages, following the termination of a multibillion-dollar supply agreement in 2017. Saskatoon, Saskatchewan-based Cameco’s claim was for damages of... 

Strike reports maiden resource at Paulsens East

By: Esmarie Iannucci     15th July 2019 Iron-ore hopeful Strike Resources has reported a maiden Joint Ore Reserves Committee (Jorc) compliant resource of 9.1-million tones, at 63.4% iron, at its Paulsens East iron-ore project, in the Pilbara. The ASX-listed company told shareholders that the mineral resource estimated a near 3-km long... 

Eskom’s quickest fix is giving it cash now, swapping debt later

By: Bloomberg     15th July 2019 Ask Nedbank Group CEO Mike Brown how to save South Africa’s beleaguered State-owned power utility and his approach is simple: first give it cash and then consider a debt-to-equity swap later. Eskom Holdings is paying so much in interest on its debt – at the same time that its income is falling –... 

Pakistan ordered to pay Antofagasta-Barrick venture $5.84bn in damages

By: Creamer Media Reporter      15th July 2019 The World Bank’s International Centre for Settlement of Investment Disputes has awarded a joint venture between London-listed Antofagasta and Toronto-listed Barrick Gold $5.84-billion in damages. The joint venture, Tethyan Copper Company (TCC), has filed for damages against the government of... 

Canada's Belo Sun touts procedural win but Brazil gold mine still on hold

By: Reuters     15th July 2019 Belo Sun Mining said on Friday it had won a legal victory in its push to mine the country's largest undeveloped gold deposit in the Amazon rainforest, which has drawn criticism from environmentalists and indigenous advocates. But the public prosecutor's office that is seeking to block the mine... 

Uranium market activity seen returning to 'more normal' levels

By: Mariaan Webb     15th July 2019 London-listed uranium fund Yellow Cake said on Monday that activity in the uranium market should pick up in the near term, following US President Donald Trump’s decision at the weekend to steer clear from imposing import tariffs on uranium. The Section 232 investigation, which started early last... 

MC secures funding for Makhado Phase 1 construction

By: Tasneem Bulbulia     15th July 2019 The Industrial Development Corporation of South Africa’s (IDC’s) credit committee has approved a R245-million loan facility for ASX-, Aim- and JSE-listed MC Mining for the construction of Phase 1 of its Makhado hard coking coal project, in South Africa’s Limpopo province. The term loan reaffirms... 

MC secures funding for Makhado Phase 1 construction
Photo by Creamer Media's Dylan Slater
MC CEO David Brown

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